Piepenburg & Macleod: Death of the US Dollar and the Rise of Gold
This fireside chat, entitled “Death of an Empire – Scary Insights,” discusses the changing dynamics of the global financial system, with Asia becoming increasingly independent from the West. There is too much debt in the world, particularly in the US, and central bank policy has become addicted to postponing the hangover through more debt. The US dollar is the world’s reserve currency, but recent policy decisions and the weaponization of the dollar have caused other countries to consider breaking ranks and moving away from the dollar as a reliable trade currency and payment system. Additionally, Matt and Alasdair proposed gold as a solution, as it has historically remained constant in value, unlike paper currencies. The establishment has a vested interest in not understanding this perspective, and it will not happen without accidents.
0:00 Introductions
5:08 Dedollarization
6:12 Too much global debt and the U.S particularly
9:46 Is the weaker dollar a better dollar?
13:40 Rising rates
14:16 Massive moves of central banks QE’ing each other
17:50 Inflation concerns
19:20 The FED problem and double edged sword
24:30 Selling currency instead of your assets
Video by Soar Financially @JrMiningGuy
Website: http://www.soarfinancial.com/
Intro Music: “Summer” by Bensound.com
About Matthew Piepenburg
Matthew Piepenburg
Partner
VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45
VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
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